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Robert Guerrero of ClaimBuyout on inventory opportunities for dealers via repairable vehicles
Tuesday, Jan. 13, 2026, 07:19 PM
Robert Guerrero spent nearly 14 years as an executive with Insurance Auto Auctions, so he understands the complexities of damaged vehicles, distraught owners, auto insurers and repair shops. Now as the president and co-founder of ClaimBuyout, Guerrero explained how damaged ... Listen Here
Protecting yourself when it comes to vehicle transport with Autosled VP Sam Goldenberg
Monday, Jan. 12, 2026, 05:16 PM
Imagine being a dealer and the vehicle you expected to be transported to your store isn’t on the hauler behind your showroom. And no one knows where the vehicle is. To help avoid the unfortunate situation, Autosled vice president of ... Listen Here
The hidden costs of getting paid with Dealer Pay CEO Julie Douglas
Monday, Jan. 12, 2026, 04:39 PM
As payment technologies evolve, so do the risks. Dealers are increasingly targeted by sophisticated fraud schemes, and compliance requirements are tightening. Dealer Pay CEO Julie Douglas recapped the current environment on the Live Stage presented by SYCN Auto Logistics during ... Listen Here

Zoombak Launches GPS Locator for BHPH Dealers

Thursday, Mar. 12, 2009, 12:00 AM
Nick Zulovich
NEW YORK — Zoombak recently debuted its new product called Zoombak GPS Recovery — Risk, which is a new GPS locator package for Buy-Here, Pay-Here car dealers that can help to reduce their risk in financing auto sales. Zoombak GPS Recovery — Risk ... [Read More]

AmeriCredit Strikes Deal to Become Compliant with Warehouse Convenants

Tuesday, Mar. 10, 2009, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — AmeriCredit announced Monday that it now in compliance with all warehouse covenants. On Monday, the company explained that it has received an amendment and extension of its master warehouse credit facility. The amendment, which was approved by all 10 ... [Read More]

Small Business Report: Auto Dealers Hurting But Optimistic of Economic Turnaround

Tuesday, Mar. 10, 2009, 12:00 AM
Nick Zulovich
BUFFALO GROVE, Ill. — During the fourth quarter of 2008, owners and managers of small automotive and other vehicle dealerships indicated that economic conditions are currently having the greatest impact on their businesses, but apparently they are looking forward to an ... [Read More]

Ford, Captive Launch Debt Restructuring Plan

Tuesday, Mar. 10, 2009, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit Co. recently announced that its board of directors and the board of directors of Ford Motor Co. have approved a plan to restructure the companies' debt through a combination of a conversion offer by Ford ... [Read More]

Fed: Average Amount Financed on New-Car Loan Remains at Lowest Point for Years of Data Available

Tuesday, Mar. 10, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The average amount financed on a new-car loan at auto finance companies continues to remain at an extremely low level, according to the Federal Reserve. Its latest analysis found that this figure is $22,922, up just slightly from ... [Read More]

FinCo Launches Buy-Here, Pay-There Approach to Help Dealers Finance Subprime Customers

Thursday, Mar. 5, 2009, 12:00 AM
Nick Zulovich
MARBLEHEAD, Mass. — When explaining the central message of what FinCo Management can offer, company founder and president Toby Reiley challenges dealers with the following question: "How many subprime customers have you lost because you can't get them bought?" In other ... [Read More]

Bernanke Willing to Revisit TALF Program to Provide More Auto Industry Relief

Thursday, Mar. 5, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — SubPrime Auto Finance News obtained a copy of a letter several members of Congress sent to Federal Reserve Board Chairman Ben Bernanke and Treasury Secretary Timothy Geithner yesterday that requests more auto industry relief from the Term Asset-Backed Securities ... [Read More]

GMAC Appoints Corporate Treasurer

Thursday, Mar. 5, 2009, 12:00 AM
Nick Zulovich
NEW  YORK — Earlier this week, GMAC Financial Services announced that it has named a corporate treasurer. Taking on the position is Jeffrey Brown, In this role, he will have responsibility for all treasury activities, including funding and balance sheet management. He ... [Read More]

Bankruptcies Expected to Surpass 1 Million This Year

Thursday, Mar. 5, 2009, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — U.S. consumer bankruptcy filings increased 29.2 percent nationwide in February from the same period a year ago, according to the American Bankruptcy Institute, which relies on data from the National Bankruptcy Research Center. The overall February consumer filing ... [Read More]

UPDATED: Fed, Treasury Kick Off Process for First Round of TALF Funding

Tuesday, Mar. 3, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The Department of Treasury and the Federal Reserve Board officially announced the launch of the Term Asset-Backed Securities Loan Facility this morning, saying the program has the potential to generate up to $1 trillion of lending for businesses ... [Read More]
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